Chongqing Salt Group invests 322 million yuan in salt chemical industry

In 2009, Chongqing Salt Group will invest 322 million yuan to complete a series of salt chemical projects such as the relocation of Hechuan Salt Chemical Company and the replacement of equity of Sanyang Chemical Company.

The group will also invest 12 million yuan to replace 30% equity of Sanyang Chemical (Wanzhou) Corporation, support the accelerated development of Sanyang Chemical Industry; start the preliminary work of Yunyang Salt Resource Development Project; take over Yunyang salt well and implement project selection Site, actively introducing salt chemical companies, and jointly building Yunyang Industrial Salt Raw Material Base.

Changshou Salt Chemical Company's first phase of 200,000 tons/year liquid salt project will drill a third salt well again during the year, complete the laying of a 40-kilometer brine pipeline, complete the power supply, water intake, brine extraction and office living facilities, initially forming 200,000 yuan. Ton/year halogen salt supply capacity, complete investment 80 million yuan.

The group will focus on the implementation of the Hechuan Saltation Relocation, combined with energy-saving and emission reduction technology reforms, and build a 600,000-ton/year vacuum salt production project (of which 50,000 tons of various salt varieties). During the year, the company will complete the expansion of 600,000 tons of mines, complete 60,000 tons/year of vacuum salt making system for cogeneration and more than 60% of the progress of public facilities such as warehousing and office operations, and complete an investment of 230 million yuan. The project is scheduled to be put into production in May 2010.






The group’s 2009 work plan revealed that in 2009 the group will achieve a total revenue of 1.5 billion yuan and a profit of 58 million yuan.

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